Think bankers have better prices and more mortgage programs? Think again!
Mortgage Brokers make 65% all home loans closed each year. Have you ever wondered why your neighbors selected a Mortgage Broker as their mortgage provider? Because . . .
Customer satisfaction is the key to a Mortgage Brokers livelihood and serving you is a Mortgage Brokers most important concern. He/She will treat you like a person, not a loan number. Your Mortgage Broker doesnt work bankers hours. They are available 24/7, not just 9 to 5 Monday through Friday!
Your Mortgage Broker is your consultant, working with you as you determine your borrowing needs. With 100s of resources a broker can almost always match your borrowing needs with a program to suit those needs whereas most banks establish their own limited criteria for credit, property value and income. They can save you time and money by doing the shopping for you wading through the multiplicity of rates and programs now available. Your Mortgage Broker will offer you a full range of mortgage plans and programs.
Because your Mortgage Broker works on a commission, not a salary, you will receive excellent and competitive prices. He/She is compensated only when they find a loan for you and your loan is funded.
Most importantly, your Mortgage Broker is there to help you achieve the American Dream with the best financing of your home purchase, construction or refinance.
Source: FAMB.org
i have been recruited by MANY bankers. most of them have so much padding in the rate, that i would be at a disadvantage.
bankers do have a little more control.... but brokers have better pricing(rates).